Mercer International Inc. Stock Forecast
Mercer International Inc. stock price ended at $10.60 on Friday, after gaining 0.86%.
(Updated on May 03, 2024)
The Mercer International Inc. stock price gained 0.86% on the last trading day (Friday, 3rd May 2024), rising from $10.51 to $10.60. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.42% from a day low at $10.58 to a day high of $10.84. The price has risen in 8 of the last 10 days and is up by 11.11% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 24 thousand more shares were traded than the day before. In total, 155 thousand shares were bought and sold for approximately $1.64 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 24.70% during the next 3 months and, with a 90% probability hold a price between $12.91 and $14.45 at the end of this 3-month period.
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MERC Signals & Forecast
Mostly positive signals in the chart today. The Mercer International Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $10.29 and $9.85. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 16.10%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Mercer International Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $10.03 and $8.51. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Mercer International Inc. finds support just below today's level at $10.03. If this is broken, then the next support from accumulated volume will be at $8.51 and $8.38.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.256 between high and low, or 2.42%. For the last week, the stock has had daily average volatility of 3.11%.
Our recommended stop-loss: $10.25 (-3.34%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 83 and this increases the risk substantially. There is a buy signal from a pivot bottom found 33 days ago.)
Trading Expectations (MERC) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Mercer International Inc. to open at $10.67, and during the day (based on 14 day Average True Range), to move between $10.24 and $10.96, which gives a possible trading interval of +/-$0.359 (+/-3.39%) up or down from last closing price. If Mercer International Inc. takes out the full calculated possible swing range there will be an estimated 6.77% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $10.03, some $0.570 (5.38%) from the current price of $10.60, our system finds the risk reward attractive.
Earnings coming up
Mercer International Inc. will release earnings AMC on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.110. We will update the financials statements for Mercer International Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.76% in the first trading day after earnings release.
Is Mercer International Inc. stock A Buy?
Mercer International Inc. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 6.931 Strong Buy Candidate Unchanged
Predicted Opening Price for Mercer International Inc. of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$10.67 ( 0.678%) | $10.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MERC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.93 | 3.09 % | |
R2 | 10.83 | 2.17 % | ||
R1 | 10.77 | 1.60 % | ||
Current price: | 10.60 | |||
Support | S1 | 10.57 | -0.243 % | |
S2 | 10.51 | -0.81 % | ||
S3 | 10.42 | -1.73 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 10.60 | |||
Support | S1 | 10.03 | -5.38% | |
S2 | 8.51 | -19.72% | ||
S3 | 8.38 | -20.94% |
MERC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 15, 2024 | Mar 26, 2024 | Apr 04, 2024 | $0.0750 | 0.755% |
2 | Nov 02, 2023 | Dec 19, 2023 | Dec 28, 2023 | $0.0750 | 0.787% |
3 | Aug 03, 2023 | Sep 26, 2023 | Oct 04, 2023 | $0.0750 | 0.92% |
4 | May 04, 2023 | Jun 27, 2023 | Jul 06, 2023 | $0.0750 | 0.88% |
5 | Feb 16, 2023 | Mar 28, 2023 | Apr 05, 2023 | $0.0750 | 0.81% |
FAQ
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